Peter Angel & Co Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05157279

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2015

FOR

PETER ANGEL & CO LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

P.B. Angel

SECRETARY:

Mrs P. E. Angel

REGISTERED OFFICE:

Finance House

77 Queens Road

Buckhurst Hill

Essex

IG9 5BW

REGISTERED NUMBER:

05157279

ACCOUNTANTS:

Peter Angel & Co. Ltd.

Finance House

77 Queens Road

Buckhurst Hill

Essex

IG9 5BW

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

15,166

16,891

15,166

16,891

CURRENT ASSETS

Debtors

37,634

22,444

Cash at bank and in hand

88,989

68,204

126,623

90,648

CREDITORS

Amounts falling due within one year

72,361

70,540

NET CURRENT ASSETS

54,262

20,108

TOTAL ASSETS LESS CURRENT LIABILITIES

69,428

36,999

CREDITORS

Amounts falling due after more than one year

-

1,155

NET ASSETS

69,428

35,844

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

69,328

35,744

SHAREHOLDERS' FUNDS

69,428

35,844

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 18 March 2016 and were signed by:

P.B. Angel - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of eight years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2014

and 30 June 2015

192,400

AMORTISATION

At 1 July 2014

and 30 June 2015

192,400

NET BOOK VALUE

At 30 June 2015

-

At 30 June 2014

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2014

34,315

Additions

2,066

At 30 June 2015

36,381

DEPRECIATION

At 1 July 2014

17,424

Charge for year

3,791

At 30 June 2015

21,215

NET BOOK VALUE

At 30 June 2015

15,166

At 30 June 2014

16,891

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1

100

100